i(x) Net Zero Plc

Equities

IX. JE00BP4DVJ57

Investment Management & Fund Operators

Delayed London S.E. Other stock markets 02:59:59 2024-05-23 am EDT			5-day change	1st Jan Change
19.25 ^GBX	0.00%		+2.67%	-19.79%

May. 17	Panthera achieves majority stake in Kalaka project	AN
Apr. 22	EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings	AN

I(x) Net Zero hails subsidiary's increased loan facility

November 03, 2023 at 06:36 am EDT

(Alliance News) - i(x) Net Zero PLC on Friday said its subsidiary entered into a restated two-year term loan facility.

The investor in energy transition said its subsidiary i(x) Investments LLC entered into the facility with European Depositary Bank SA, increasing its loan facility by USD4.3 million to USD11.8 million from USD7.5 million, up 57%.

i(x) Net Zero Chief Executive Officer Par Lindstrom said: "The increased loan facility will allow management to maintain its focus on scaling the business, following the recent addition of Citron Energy to the portfolio. We are actively looking at a number of opportunities in the green energy sector both in and outside of the existing portfolio. We are focused on businesses where we believe we can deploy our hands-on strategic management, resources and infrastructure, helping to build and develop these investments into successful contributors towards a net zero future."

i(x) Net Zero shares were flat at 16.00 pence each on Friday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about i(x) Net Zero Plc

Panthera achieves majority stake in Kalaka project	May. 17	AN
EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings	Apr. 22	AN
I(x) Net Zero investee extends acquisition deadline to June	Jan. 02	AN
I(x) Net Zero starts reaping rewards from investee sale	Nov. 17	AN
I(x) Net Zero hails subsidiary's increased loan facility	Nov. 03	AN
I(X) investments LLC Announces Increase in Loan Facility of $11.75 Million	Nov. 03	CI
Oxy Low Carbon Ventures, LLC completed the acquisition of remaining 67.83% stake in Carbon Engineering Ltd. from i(x) Net Zero Plc (AIM:IX.) and others.	Nov. 02	CI
I(x) Net Zero says Enphys acquisition deadline extended	23-10-09	AN
AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount	23-10-04	AN
I(x) Net Zero portfolio company ends combination plan	23-10-04	AN
EARNINGS: i(x) Net Zero swings to profit, Zephyr falls to loss	23-09-29	AN
Earnings Flash (IX.L) I(X) NET ZERO Posts H1 EPS $0.76	23-09-29	MT
I(x) Net Zero Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-29	CI
I(x) Net Zero invests USD600,00 into Citron Energy	23-09-25	AN
CITRON ENERGY, Inc. announced that it has received $0.6 million in funding from i(x) Net Zero Plc	23-09-24	CI
I(x) Net Zero investee finds acquisition in Latin America	23-08-25	AN
I(x) Net Zero gains as Occidental to buy Carbon Engineering	23-08-16	AN
Oxy Low Carbon Ventures, LLC entered into a definitive purchase agreement to acquire remaining 67.83% stake in Carbon Engineering Ltd. from i(x) Net Zero Plc (AIM:IX.) and others for approximately $1.1 billion.	23-08-14	CI
I(x) Net Zero to invest further USD2.5 million into Enphys Management	23-08-07	AN
Enphys Management Company, LLC announced that it expects to receive $2.5 million in funding from i(x) Net Zero Plc	23-08-06	CI
AIM WINNERS & LOSERS: i(x) Net Zero surges as BP invests in WasteFuel	23-07-06	AN
I(x) Net Zero shares rocket as BP invests USD10 million in WasteFuel	23-07-06	AN
I(x) Net Zero increases Sustainable Living investment	23-06-16	AN
Sustainable Living Innovations, Inc. announced that it has received $0.15 million in funding from i(x) Net Zero Plc	23-06-15	CI
I(x) Net Zero turns to loss in 2022 on lower fair value improvement	23-06-13	AN

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Company Profile

i(x) Net Zero Plc is a Jersey-based investing company. The Company focuses on energy transition and sustainability in the built environment. The Companyâs aim is to generate long-term capital growth for its shareholders, principally by creating, funding, partnering with or developing companies that are committed to the areas of energy transition and sustainability in the built environment. The Company's primary focus is to invest in order to realize equity or equity-like returns. The Company has invested in biofuels, direct air carbon capture, renewable energy, sustainable workforce housing and sustainable energy efficient apartment buildings for the urban core. It operates in the United States.

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Investment Management & Fund Operators

Calendar

2024-06-03 - Q4 2023 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.1925 GBP

Average target price

1.1 GBP

Spread / Average Target

+471.43%

Consensus

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